Cyber attacks are increasing in Australia - Tips to keep your Business safe!

Cyber attacks are increasing in Australia - Tips to keep your Business safe!

In the digital age, cyber security has become a critical concern for businesses in Australia. As more and more sensitive data is being stored online, cyber criminals are finding new ways to exploit vulnerabilities and gain access to confidential information. In fact, according to the 2021 Cyber Security Breaches Survey conducted by the Australian Cyber Security Centre (ACSC), 58% of Australian businesses experienced a cyber security breach in the last 12 months. This blog post will provide some key cyber security tips for businesses in Australia, backed by statistics, to help them protect themselves from these threats.

Install a firewall
A firewall is an essential tool for businesses to protect their network and data from cyber threats. According to a report by the Australian Cyber Security Centre (ACSC), in 2019, 90% of all cyber incidents were caused by cybercriminals exploiting vulnerabilities in the network perimeter. A firewall can prevent unauthorized access to your network by filtering traffic and blocking malicious traffic.
To implement a firewall, businesses can use hardware or software-based solutions. Hardware firewalls are usually more expensive, but they offer better performance and scalability. Software firewalls, on the other hand, are cheaper and easier to install, but they may not offer the same level of protection as hardware firewalls.

Data backup

Data backup is another critical aspect of cybersecurity for businesses. In case of a cyber attack or system failure, having a backup of your data can help you recover your data and minimize the impact of the attack. According to a study by the ACSC, 49% of businesses in Australia experienced a cyber incident in the past 12 months, and 46% of those incidents resulted in the loss of data.
To implement data backup, businesses can use cloud-based backup solutions or backup their data to external hard drives or other storage devices. It is essential to ensure that backups are stored securely and regularly updated.

Single sign-on

Single sign-on (SSO) is a technique that allows users to log in to multiple applications and systems with a single set of credentials. SSO can help businesses improve security by reducing the risk of password-related attacks, such as phishing and brute force attacks. According to a report by Microsoft, 81% of data breaches are caused by weak, reused, or stolen passwords.
To implement SSO, businesses can use third-party identity and access management (IAM) solutions or build their own SSO infrastructure using standards such as SAML or OAuth.

Access control of exposed network equipment

Network equipment such as routers, switches, and servers are often targeted by cybercriminals. Businesses need to ensure that they have implemented adequate access control measures to protect these devices from unauthorized access. According to a study by the ACSC, 67% of all cyber incidents in 2019 involved cybercriminals exploiting vulnerable internet-facing services.
To implement access control, businesses can use solutions such as multi-factor authentication, network segmentation, and least privilege access.

Automatic updates

Automatic updates are critical for businesses to ensure that their systems and software are up-to-date with the latest security patches and fixes. According to a report by the ACSC, 85% of all cyber incidents in 2019 involved cybercriminals exploiting vulnerabilities that were already known and had patches available.
To implement automatic updates, businesses can use patch management solutions or configure their systems and software to update automatically.

Staff cyber security education

Finally, staff cyber security education is crucial for businesses to ensure that their employees are aware of the risks of cyber attacks and how to prevent them. According to a study by the ACSC, 51% of businesses in Australia have experienced a phishing attack, and 28% of those attacks resulted in a compromise of their systems.
To implement staff cyber security education, businesses can use training programs, workshops, and awareness campaigns to educate their employees about cybersecurity best practices and how to recognize and avoid common cyber threats.

For any Cyber Security concerns reach out to us on 1300 972 104 or visit Cooper Communications

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